Price for Protein; Concentrates and Textured Protein Substances in Luxembourg - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Luxembourg (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Luxembourg (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Luxembourg
- Exports of Protein; Concentrates and Textured Protein Substances in Luxembourg
Price for Protein; Concentrates and Textured Protein Substances in Luxembourg (CIF) - 2024
In February 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $241K per ton, with an increase of 3,163% against the previous month. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($266K per ton), while the price for India totaled $140K per ton.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Spain (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Luxembourg (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $19,310 per ton, jumping by 20% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($61,315 per ton), while the average price for exports to the Netherlands ($9,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Luxembourg
Imports of protein; concentrates and textured protein substanceses into Luxembourg amounted to 560 tons in 2022, therefore, remained relatively stable against 2021. Overall, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 4.1%.
In value terms, imports of protein; concentrates and textured protein substanceses amounted to $5.6M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,062 | 2,704 | 2,659 | 2,725 | 36.9% |
| Belgium | 1,365 | 1,162 | 1,738 | 1,904 | 11.7% |
| Germany | 387 | 478 | 719 | 761 | 25.3% |
| Italy | 102 | 52.9 | 53.8 | 102 | 0.0% |
| Netherlands | 65.1 | 75.0 | 112 | 80.0 | 7.1% |
| Austria | 531 | 361 | 0.6 | N/A | -96.6% |
| Others | 534 | 130 | 42.4 | 67.8 | -49.7% |
| Total | 4,046 | 4,963 | 5,324 | 5,640 | 11.7% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Luxembourg in 2022:
- Belgium (225.7 tons)
- Germany (151.1 tons)
- France (148.3 tons)
- Netherlands (16.1 tons)
- Italy (11.6 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Luxembourg
In 2022, shipments abroad of protein; concentrates and textured protein substanceses decreased by -36.8% to 184 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 82%. As a result, the exports attained the peak of 502 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of protein; concentrates and textured protein substanceses fell sharply to $3.5M in 2022. Over the period under review, exports, however, saw a resilient increase. The growth pace was the most rapid in 2020 with an increase of 123% against the previous year. As a result, the exports reached the peak of $4.9M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Protein; Concentrates and Textured Protein Substances in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 153 | 556 | 875 | 1,417 | 110.0% |
| France | 834 | 110 | 103 | 421 | -20.4% |
| Uzbekistan | N/A | N/A | 519 | 403 | -22.4% |
| Netherlands | N/A | 492 | 450 | 359 | -14.6% |
| Kazakhstan | 165 | 2,636 | 2,164 | 287 | 20.3% |
| Greece | 148 | 173 | 243 | 240 | 17.5% |
| Moldova | N/A | N/A | N/A | 144 | 0% |
| Belarus | N/A | 195 | 60.5 | N/A | -69.0% |
| United Kingdom | 612 | 478 | 1.3 | N/A | -95.4% |
| Others | 283 | 245 | 241 | 278 | -0.6% |
| Total | 2,195 | 4,885 | 4,657 | 3,548 | 17.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Luxembourg in 2022:
- Belgium (56.8 tons)
- France (39.0 tons)
- Netherlands (37.4 tons)
- Uzbekistan (19.0 tons)
- Kazakhstan (14.0 tons)
- Moldova (6.8 tons)
- Greece (3.9 tons)
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